Julius Baer Group Ltd, the leading Swiss private banking group, Tuesday announced that it has acquired 30 per cent of São Paulo-based GPS, which includes GPS Planejamento Financeiro Ltda and CFO Administração de Recursos Ltda.
FIMBank, the Malta-based Trade Finance Bank, has reached an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, and Brazilian bank BICBANCO, to invest in a new factoring joint venture in Brazil.
FIMBank and BICBANCO will each acquire a 40 per cent stake in this company while the IFC will acquire the remaining 20 per cent. BRASILFactors, will be offering domestic and cross border factoring and complementary services to Brazilian corporates and SMEs.
In a move that continues its aggressive acquisition campaign in Brazil, Publicis Groupe announced it had entered an agreement to acquire Tailor Made, a Brazilian independent advertising agency established by Paulo Giovanni.
According to the terms of the agreement, Publicis Groupe immediately acquires a minority stake of the new agency, and has the possibility of increasing its participation to 100% by 2013. The agency will be integrated into Leo Burnett Brazil, which will be renamed Leo Burnett Tailor Made.
BR Malls Participacoes S.A., a publicly held Brazilian company based in Rio de Janeiro (BRMALLS), announced it had acquired a 95% ownership interest in Shopping Paralela in Salvador. BRMALLS will be responsible for management and leasing of the mall.
Equinix, Inc., a provider of global data center services, and Riverwood Capital, a technology-focused private equity firm, announced the completion of their acquisition of ALOG Data Centers of Brazil S.A. in an all cash transaction. Equinix invested a total of approximately $83 million—approximately $68 million as part of the acquisition and approximately $15 million to provide additional capital to fund future data center expansions.
Revolver Resources Inc. has entered into an agreement with Oculus Mining S.A., relating to a reverse takeover transaction, for which Revolver proposes to acquire all of the issued and outstanding securities of Oculus from Oculus shareholders.
The Transaction is expected to be effected by way of share purchase agreement in which Revolver will acquire all of the outstanding shares of Oculus. Oculus will become a wholly-owned subsidiary of Revolver, and subsequently change its name to Oculus Mining Corp. to reflect its new business.
Publicis Groupe Tuesday signed an agreement to acquire GP7, a São Paulo-based advertising agency focused on emerging social classes as well as travel and tourism. The agency will be renamed Publicis Red Lion (a unit of Publicis Brazil), and will be aligned with Publicis Worldwide.
Post the investment, GP7 CEO, João Fernando Vassão, will become Managing Director of Publicis Red Lion and will henceforth report to Orlando Marques, CEO of Publicis Brazil.
According to Reuters, IPhone maker Foxconn is mulling a $12 billion investment in Brazil. The move is aimed at expanding Apple and other tech firms’ global market share to the world’s eighth largest economy.
The Reuters report said Brazilian President Dilma Rousseff’s administration is studying Foxconn's investment plan, the latest move by the manufacturer to expand its manufacturing operations beyond the booming southern Chinese city of Shenzhen.
Chilean energy firm Enersis SA is to invest an estimated $65.4 million in an upgrade of its distribution and transmission service in the Brazilian state of Rio de Janeiro. The plan shall be implemented through the subsidiary, Ampla, the distributor which supplies more than 2.5 million customers in the state of Río de Janeiro.
Japanese firm Takasago last week announced its Americas subsidiary completed its acquisition of a Brazilian flavor and fragrance facility. Takasago Americas division finalized the purchase of the facility in Vinhedo, Brazil, near Sao Paulo, reinforcing its foothold in the country’-- and the region’s---F&F marketplace.
Takasago is to refurbish the location, with investments in state-of-the-art technology for its manufacturing capabilities.
America Movil announced Thursday it has entered into a stock purchase agreement with GE Satellite Holdings LLC and its affiliates, to acquire 20% of the shares representing the capital stock of StarOne S.A.
StarOne is a Brazilian company that provides satellite services in Brazil. Empresa Brasileira de Telecomunicações S.A. (Embratel), subsidiary of AMX, currently owns the remaining 80% of the shares representing the capital stock of StarOne.
Terreno Resources Corp. is to acquire, from a private vendor, 100% of the Jatuarana Phosphate Project, the Nova Olinda Potash Project and the Manaus Bauxite Project, all located in Amazonas State, Brazil. The transaction is subject to certain due diligence conditions and to approval by the TSX Venture Exchange.
Cleveland Mining Company Ltd has acquired the 1,000km2 “Porto Grande” iron ore project in the Brazilian state of Amapá. The large, Greenfields tenement package is bounded by iron ore projects held by Anglo American and Cliffs Natural Resources, Brazilian super miners Mineração e Metalicos S.A and Vale.
Under the terms of the purchase agreement, Cleveland will make payments of US$0.4m and US$1.6m after 6 and 12 months respectively, following the cessional rights being transferred to Cleveland and environmental permits being published.
3i Group plc, an international investor focused on Private Equity, Infrastructure and Debt Management, has appointed Marcelo Di Lorenzo, previously of Standard Bank Private Equity, to head its newly-established office and team in Brazil.
Marcelo will head a team which has an established track record over the last 15 years, having worked on private equity transactions across Latin America. 3i will co-manage Standard Bank’s existing investment in Casa do Pão de Queijo.
Publicis Groupe has acquired an additional 11% stake in Brazil's Talent Group. The move hikes its stake in the Brazilian advertising firm to 60%. Publicis Groupe had earlier acquired 49% of Talent in October 2010.
Standard Gold Mines Plc has acquired 100% of Mining Finance Limited and its wholly owned operating subsidiary, Sao Pedro Mines (U.K.) Limited including its 25 year mining concession, licenses and business. It holds the mining rights to a 600 hectare 'open pit' gold mine, San Pedro Mineracao LTDA, located in Paracatu, Minas Gerais, in Brazil.
A new oil find has been made by Statoil immediately adjacent the Peregrino field in the Campos Basin offshore Brazil, Statoil announced. An exploration well drilled in the Peregrino South structure a few kilometres south of Peregrino has encountered oil in sandstones of the Carapebus geological formation.
According to a report carried Wednesday by Brazilian newspaper Valor Economico, Europe’s largest travel company TUI Travel, is in talks to acquire CVC Brasil. The Brazilian firm is currently the biggest player in the country’s travel sector.
Without revealing its source of information, Valor Economico indicated that TUI travel is in talks with CVC's controllers, the private equity firm Carlyle Group and Brazilian entrepreneur Guilherme Paulus. The paper did not reveal the financial details of the possible transaction.
ScanSource, Inc., the leading international value-added distributor of specialty technology products, through its wholly-owned subsidiary, ScanSource do Brasil Participações Ltda, has entered into a definitive purchase agreement with CDC Brasil, S.A., Brazil’s leading distributor of AIDC and point-of-sale solutions.
CDC Brasil is a value-added distributor that sells only to resellers and offers many of the same industry-leading products that ScanSource, Inc. provides.
CPFL Energia S.A. through its subsidiary CPFL Comercialização Brasil S.A. has entered into an agreement with a consortium of companies to acquire 100% of the quotas of Jantus SL and to potentially acquire another company to be organized by the consortium through a corporate reorganization in Jantus.
Tereos International is to expand the operations of its sugar and ethanol subsidiary in Brazil, Guarani. Tereos announced plans to invest 767 million reais ($476 million) to expand sugarcane crushing capacity and energy cogeneration of the subsidiary over the next 4 years.
This investment plan will benefit from a long-term 764 million reais financing agreement secured with the Brazilian Development Bank (BNDES) and from the successful completion of Guarani’s US$560 million refinancing.
Amgen, the world's largest biotechnology company, has expanded its operations in Brazil through the acquisition of Bergamo, a privately-held Brazilian pharmaceutical company. In addition, Amgen has also agreed to reacquire rights in Brazil to its products that were previously granted to Mantecorp (subsequently acquired by Hypermarcas).
Thomson Reuters Thursday announced that it has launched a new online research platform, Revista dos Tribunais Online, geared expressly for Brazilian legal professionals. The platform incorporates the more than 900 editions of Revista dos Tribunais that have been published without interruption since 1912.
According to the Wall Street Journal, Brazil's largest airline by revenue TAM will pay as much as $250 million to acquire a maximum 31 per cent stake in a small Brazilian airline, TRIP Linhas Areas. The Wall Street Journal quoted a report filed by Brazilian financial newspaper, Valor Economico.